[Federal Register Volume 61, Number 23 (Friday, February 2, 1996)]
[Notices]
[Page 3941]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-2220]



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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner
[Docket No. FR-4020-D-01]


Redelegation of Authority by the Mortgagee Review Board to 
Conduct Hearings Pursuant to Section 202(c)(4) of the National Housing 
Act, 12 U.S.C. 1708(c)(4), as Implemented by 24 CFR Part 25

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice of redelegation of authority.

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SUMMARY: The Mortgagee Review Board (``Board'') within the Department 
of Housing and Urban Development redelegates to the Assistant Secretary 
for Housing-Federal Housing Commissioner, in his/her capacity as 
chairperson to the Board, the authority to serve as the Board's 
``hearing official'' for appeals of certain sanctions by Mortgagees. 
The chairperson retains the right to redelegate the authority 
accompanying the ``hearing official'' position, to a specific designee 
on a case-by-case basis.

EFFECTIVE DATE: January 26, 1996.

FOR FURTHER INFORMATION CONTACT: Georjan D. Overman, Trial Attorney, 
Office of General Counsel, Office of Program Enforcement, 
administrative Proceedings Division, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Room 10251, Washington, DC 20410, 
(202) 708-4248. This is not a toll-free number.

SUPPLEMENTARY INFORMATION: Section 202(c)(4) of the National Housing 
Act, 12 U.S.C. 1708(c)(4), authorizes the Board to ``hold a hearing on 
the record'' concerning certain sanctions it has taken against a 
mortgagee, if the mortgagee so requests within thirty (30) days notice 
of the Board's action. Section 202(c)(4) is implemented by HUD 
regulations published at 24 CFR Part 25. On August 1, 1995, Part 25 was 
amended to allow the Board to redelegate its hearing authority to a 
``hearing official.'' 60 FR 39236 (August 1, 1995) (effective August 
31, 1995). The ``hearing official'' reviews submissions by the 
mortgagee, conducts informal hearings, and prepares findings of fact 
and a recommended decision to the Board. 60 FR 39238, August 1, 1995 
(to be published at 24 CFR 25.8). The present redelegation is intended 
to allow the Assistant Secretary for Housing/Federal Housing 
Commissioner, in his/her capacity as chairperson to the Board, to serve 
as the ``hearing official'' for appeals of certain sanctions by 
mortgagees. It also makes clear that the chairperson retains the right 
to redelegate the authority accompanying the ``hearing official'' 
position, to a specific designee on a case-by-case basis. This further 
redelegation will be accomplished in the form of a written notice from 
the chairperson of the Board to the affected mortgagee.
    Accordingly, the Mortgagee Review Board redelegates authority as 
follows:

Section A. Authority Redelegated

    To the Assistant Secretary for Housing/Federal Housing 
Commissioner, in his/her capacity as chairperson of the Mortgagee 
Review Board, there is redelegated the authority of the Mortgagee 
Review Board to serve as the ``hearing official'' pursuant to 60 FR 
39236, August 1, 1995 (to be published at 24 CFR Part 25).

Section B. Authority to Further Redelegate From the Chairperson to 
a Specific Designee Only

    The chairperson may redelegate to a specific designee all authority 
granted in Section A., above, except for the authority to further 
redelegate the authority granted. The redelegation from the chairperson 
to the specific designee shall be accomplished on a case-by-case basis 
in the form of a written notice from the chairperson of the Board to 
the affected mortgagee.

    Authority: Sec. 202(c), National Housing Act (12 U.S.C. 
1708(c)); Sec. 7(d), Department of Housing and Urban Development Act 
(42 U.S.C. 3535(d)).

    Dated: January 17, 1996.
Nicolas P. Retsinas,
Assistant Secretary for Housing-Federal Housing Commissioner.

    Dated: December 12, 1995.
Nelson A. Diaz,
General Counsel.

    Dated: January 23, 1996.
Kevin G. Chavers,
President, Government National Mortgage Association.

    Dated: January 23, 1996.
Marilynn A. Davis,
Assistant Secretary for Administration.

    Dated: January 24, 1996.
John A. Knubel,
Chief Financial Officer.

    Dated: January 25, 1996.
Elizabeth K. Julian,
Acting Deputy Assistant Secretary for Policy and Initiatives, Office of 
Fair Housing and Equal Opportunity.
[FR Doc. 96-2220 Filed 2-1-96; 8:45 am]
BILLING CODE 4210-27-M